I am curious for what could be the reasons why Solana pumped hard a few days ago?
If you take a look, in just 14 days, Solana is up 100+%, 7 days is 77% as of now.
I own a small amount of Solana and already tried this network. But yeah, I am curious what could be the reasons for these pumps?
If you look at this with an economic formula, then the process that occurs when pumping solana is the greater demand for them, so that the demand is not balanced with the expenditure on solana, this makes more sense if you see the process happening.
But this is not necessarily true, if you look at it in a different context, many formulations sometimes don't match the actual events, but I believe that more than analyzing with other patterns, which today's recession is also a factor.